How To Setup Power Earnings Gap Alerts In TradingView

Power Earnings Gap Detection

A Power Earnings Gap (PEG) is a technical pattern, also known as an episodic pivot, that occurs when:

  1. A company releases a strong earnings report
  2. The stock price experiences a significant upward gap
  3. Trading volume increases substantially
  4. Earnings surprise accompanies the earnings report (optional)

This pattern often signals potential bullish momentum for the stock.

Receive Alerts When a Power Earnings Gap is Detected in TradingView

To identify Power Earnings Gaps for any symbol in TradingView:

  1. Create a watchlist of stocks you’re interested in
  2. Customize the Trend Follower indicator to meet the criteria that you prefer
  3. Set up notifications to alert you when a PEG occurs for any stock on your watchlist

Customize Power Earnings Gap Alerts with the Trend Follower Indicator

The Trend Follower indicator allows you to fine-tune your PEG search criteria:

  • Set a minimum percentage change in price
  • Define the required percentage increase in volume compared to the 50-day average
  • Optionally, specify a minimum earnings surprise percentage
  • Ensure the gap-up bar’s low is above the previous bar’s high for a clear visual gap (optional)

By adjusting these parameters, you can tailor the PEG detection to match your specific trading strategy and risk tolerance.